Iowa Money Market Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Iowa money market account rates range from 2.02% to 5.00% APY, verified by MonitorBankRates as of October 13, 2026. Current Iowa money market deposit account rates include Cent Credit UnionCent Credit Union3124 4th St SW, Mason City, IA 50401 1522A+5.0 ★Texas Ratio: 1.22%Real return: +2.20%APY minus 2.8% CPI (February 2026) Cheers Money Market at 5.00% APY, Earlham Savings BankEarlham Savings Bank7300 Lake Dr, West Des Moines, IA 50266A+5.0 ★Texas Ratio: 5.57%Real return: +0.95%APY minus 2.8% CPI (February 2026) Money Market at 3.75% APY, Financial Plus Credit UnionFinancial Plus Credit Union1831 25th St, West Des Moines, IA 50266 1416A+5.0 ★Texas Ratio: 4.89%Real return: +0.92%APY minus 2.8% CPI (February 2026) PLUS Money Market Savings at 3.72% APY, Atkins Savings B&TAtkins Savings B&T97 Main Ave, Atkins, IA 52206A+5.0 ★Texas Ratio: 0.35%Real return: +0.76%APY minus 2.8% CPI (February 2026) Money Market Account at 3.56% APY, and FNBO DirectFNBO Direct102 S Locust St, Glenwood, IA 51534A+5.0 ★Texas Ratio: 4.82%Real return: +0.75%APY minus 2.8% CPI (February 2026) Online Money Market Account at 3.55% APY. Money market rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Iowa side-by-side. Iowa money market rates currently reach as high as 5.00% APY from Cent Credit Union at 3124 4th St SW, Mason City, IA 50401 1522. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Iowa and surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Money Market Rates Today in Iowa
Balance: $1,000,000.00 and over
- Oct 9, 20265.00%▲ from 4.00%
- Sep 14, 20264.00%first recorded
Balance: $500,000.00 - $999,999.99
- Oct 9, 20264.25%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Balance: $200,000.00 - $499,999.99
- Oct 9, 20264.00%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Balance: $100,000 & over
- Oct 7, 20263.75%▲ from 3.25%
- Sep 19, 20263.25%▲ from 3.00%
- Sep 7, 20263.00%first recorded
Balance: $100,000.00 - $199,999.99
- Oct 9, 20263.75%▲ from 3.25%
- Sep 14, 20263.25%first recorded
Balance: $1,000,000.00 or more
Balance: $75,000.00 - $99,999.99
- Oct 9, 20263.70%▲ from 3.20%
- Sep 14, 20263.20%first recorded
Balance: $50,000.00 - $74,999.99
- Oct 9, 20263.65%▲ from 3.15%
- Sep 14, 20263.15%first recorded
Balance: $25,000.00 - $49,999.99
- Oct 9, 20263.60%▲ from 3.10%
- Sep 14, 20263.10%first recorded
Balance: $500,000 and Above
Balance: $500,000 -$999,999.99
Balance: $5,000.00 - $24,999.99
- Oct 9, 20263.55%▲ from 3.05%
- Sep 14, 20263.05%first recorded
Balance: $50,000 to $99,999.99
- Oct 7, 20263.50%▲ from 3.00%
- Sep 19, 20263.00%▲ from 2.75%
- Sep 7, 20262.75%first recorded
Balance: $1,000,000+
Balance: $500,000.00 - $999,999.99
Balance: $100,000 - $499,999.99
Balance: $1,000,000 & over
Balance: $1,000,000 & over
Balance: $25,000 - $49,999.99
Balance: $500,000 - $999,999.99
Balance: $500,000+; Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Account opening deposit not required. Fees may reduce earnings on this account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current
- Oct 10, 20263.40%▲ from 3.25%
- Sep 14, 20263.25%first recorded
Balance: up to $15,000,000
Balance: $25,000 - $99,999.99
Balance: $250,000 - $499,999.99
Balance: $250,000 - $499,999.99; Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Account opening deposit not required. Fees may reduce earnings on this account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th o
- Oct 10, 20263.30%▲ from 3.15%
- Sep 27, 20263.15%first recorded
Published APY range: 3.25% - 3.55%. Annual Percentage Yield (APY) accurate as of 12-19-2025. Rates may also change after the account is opened. Fees may reduce earnings. You may make no more than six transfers and withdrawals from the account during any calendar month. Additional withdrawals will be subject to a $5.00 fee each.
Balance: $0 -$24,999.99
Balance: $10,000 to $49,999.99
- Oct 7, 20263.25%▲ from 2.75%
- Sep 19, 20262.75%▲ from 2.50%
- Sep 7, 20262.50%first recorded
Balance: $500,000.01 & Up
Balance: $1,000,000.00+
Balance: $20,000.00 & greater; Period: Monthly
Balance: $250,000+
- Oct 3, 20263.20%▲ from 3.04%
- Sep 14, 20263.04%first recorded
Balance: $100,000 - $249,999.99
Balance: $250,000.00 and above; Effective Thru: 10/31/2026; Compound Frequency: Monthly
Balance: $50,000 - $99,999.99
Balance: $1,000,000 - $1,999,999.99
Balance: $500,000 - $999,999
Balance: $500,000 - $999,999
Balance: $250,000 - $499,999.99
Balance: $250,000+; Requires at least one monthly direct deposit in a City State Bank account. Rates are variable and subject to change without notice after account is opened. Fees may reduce earnings.
Balance: $250,000.00 - $499,999.99
Qualifications Required; Balance: $5.00-$999.99; With an active checking account
Balance: $500,000 - $999,999.99
Qualifications Required: Must maintain daily balance of $2,000. or more during statement cycle.; Balance $0.01. to $20,000: Rate of 3.00% (3.04% APY). Balance of $20,000.01 or more: Rate of 0.1% (0.1% APY). If qualifications are not met, the interest rate will be 0.01% (0.01% APY) on entire balance and ATM fees will not be credited to your account.; Variable Rate Account - The rate may change after the account is opened.
Balance: $250,000 and over; Average Daily Balance
Balance: $150,000.00 and over; Tier 5
- Sep 22, 20263.04%▲ from 2.89%
- Sep 14, 20262.89%first recorded
Balance: $0 to $9,999.99
- Oct 7, 20263.00%▲ from 2.50%
- Sep 19, 20262.50%▲ from 2.25%
- Sep 7, 20262.25%first recorded
Balance: $25,000 - $49,999.99
Balance: $10,000 to earn dividends; Minimum opening deposit $10,000; Promotional rate effective for 10 months from opening date of new Money Market account; Rate may change after introductory period
- Oct 13, 20263.00%▲ from 2.65%
- Sep 22, 20262.65%first recorded
Balance: $500,000+; APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Account opening deposit not required. Fees may reduce earnings on this account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying transaction. Dividends are compounded and credited monthly and are calculated based on the daily balance method. Excludes ATM and cash transactions. For full terms and conditions, please refer to our Truth in Savings Disclosure. Rate = dividend rate.
- Oct 10, 20263.00%▲ from 2.85%
- Sep 14, 20262.85%first recorded
Balance: $250,000 - $499,999.99
Balance: $250,000 - $499,999.99; APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Account opening deposit not required. Fees may reduce earnings on this account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying transaction. Dividends are compounded and credited monthly and are calculated based on the daily balance method. Excludes ATM and cash transactions. For full terms and conditions, please refer to our Truth in Savings Disclosure. Rate = dividend rate.
- Oct 10, 20262.90%▲ from 2.75%
- Sep 27, 20262.75%first recorded
Balance: $1,000,000 or more
Daily balance of $300,000 or more
Balance: $100,000.00 to $249,999.99; Effective Thru: 10/31/2026; Compound Frequency: Monthly
Balance: $90,000.00 - $149,999.99; Tier 4
- Sep 22, 20262.84%▼ from 2.89%
- Sep 14, 20262.89%first recorded
Balance: $250,000 - $499,999
Balance: $250,000 - $499,999
Balance: $1,000,000 and above
Balance: $500,000.00 - $999,999.99
Balance: $100,000 - $249,999.99
Balance: $250,000.00+; Get Started Online (Opens in a new Window)
- Sep 24, 20262.70%▲ from 2.60%
- Sep 15, 20262.60%first recorded
Balance: $100,000-249,999.99
- Oct 3, 20262.68%▲ from 2.53%
- Sep 14, 20262.53%first recorded
Balance: $500,000.00-$999,999.99
- Oct 3, 20262.63%▲ from 2.53%
- Sep 20, 20262.53%first recorded
Balance: $100,000.00 - $249,999.99
Balance: $100,000 - $249,999
Balance: $100,000 - $249,999
Balance: $100,000.00-$249,999; Get Started Online (Opens in a new Window)
- Sep 24, 20262.55%▲ from 2.40%
- Sep 15, 20262.40%first recorded
Balance: $250,000 - $999,999.99
Balance: $100,000 - $249,999.99
Balance: 1,000,000+
- Oct 3, 20262.53%▲ from 2.11%
- Sep 14, 20262.11%first recorded
Balance: $100,000 - $249,999.99; Average Daily Balance
Balance: $50,000 - $99,999.99
Balance: $50,000.00 - $89,999.99; Tier 3
- Sep 22, 20262.48%▲ from 2.38%
- Sep 14, 20262.38%first recorded
Balance: $250,000.00-$499,999.99
Balance: $250,000+
Balance: $100,000 - $249,999.99; APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Account opening deposit not required. Fees may reduce earnings on this account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying transaction. Dividends are compounded and credited monthly and are calculated based on the daily balance method. Excludes ATM and cash transactions. For full terms and conditions, please refer to our Truth in Savings Disclosure. Rate = dividend rate.
- Oct 10, 20262.40%▲ from 2.25%
- Sep 27, 20262.25%first recorded
Balance: $1,000,000 or more
Balance: $25,000 - $99,999
Balance: $25,000 - $99,999
Balance: More than $500,000
Balance: $100,000 - $249,999.99
- Sep 24, 20262.27%▲ from 1.26%
- Sep 14, 20261.26%first recorded
Balance: $200,000+; Minimum of $2,500 to earn dividends
Balance: $100,000 +
Daily balance of $500,000 or greater
Daily balance of $150,000 to $299,999.99
Balance: $250,000.00 - $499,999.99
Balance: $100,000 - $249,999.99; Requires at least one monthly direct deposit in a City State Bank account. Rates are variable and subject to change without notice after account is opened. Fees may reduce earnings.
Balance: $1,000,000+
- Sep 24, 20262.20%▲ from 2.05%
- Sep 14, 20262.05%first recorded
Minimum balance to earn stated APY: $500,000; $10,000 required to open account; Fees could reduce earnings on account; Rates may vary after the account is opened; Qualifications to earn dividends: must be enrolled in electronic statements (eStatements) with a valid email address
Balance: $100,000.00-$249,999.99
Balance: $500,000.00-$999,999.99
Balance: $500,000 minimum to earn stated APY; $2,500 required to open account
- Oct 1, 20262.15%▼ from 2.17%
- Sep 14, 20262.17%first recorded
Balance: $250,001 and over; Minimum Balance to Earn Dividends $2,000
Balance: $250,000 and Above
Balance: $50,000.00 and over
Balance: over $500k
Balance: $100,000-$199,999.99; Minimum of $2,500 to earn dividends
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Iowa Money Market Rate Trends
Compare local Iowa money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Iowa high-yield MMA rates rose 0.034 points over the past 7 days to 2.995% APY.
Iowa standard MMA rates rose 0.006 points over the past 7 days to 0.900% APY.
Iowa Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current IA high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current IA high-yield money market average of 2.995% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield money market rates tend to adjust faster than standard branch-based accounts.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Iowa.
Money Market Account Earnings in Iowa
Annual interest earnings at current IA average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (2.995% APY) | Monthly Earnings | Standard MMA (0.900% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $299.47 / year | $24.96 | $89.97 / year | $7.50 |
| $25,000 | $748.68 / year | $62.39 | $224.92 / year | $18.74 |
| $50,000 | $1,497.35 / year | $124.78 | $449.85 / year | $37.49 |
| $100,000 | $2,994.70 / year | $249.56 | $899.70 / year | $74.98 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Iowa money market rate averages as of October 13, 2026. | ||||
About Our Iowa Money Market Rate Database
MonitorBankRates tracks 51 money market rates from 28 banks and 23 credit unions offering money market deposit accounts to Iowa residents, including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Cent Credit Union offers a money market account at 5.00% APY. Use the rate table above to compare all current offers in Iowa.
How to Find the Best Money Market Rates in Iowa
What to compare when shopping for a money market account in Iowa
To find the best money market APYs in Iowa, start with credit unions and online-only banks: Iowa has 23 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000 to $25,000, with lower rates (or monthly fees) below that threshold. The current IA high-yield money market average is 2.995% but top local institutions are offering as high as 5.00%, so shopping around pays off.
Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Iowa high-yield money market rates currently average 2.995% APY, far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Iowa institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 51 institutions in Iowa report money market rates to our database.
- You’re among Iowa’s 18.1% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Iowa CD rates
- You don’t need check writing and want a lower minimum Iowa savings rates
- You need daily transaction access Iowa checking rates
Iowa Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
18.1% of residents are 65 or older, in line with the national average of 17.3%; a low unemployment rate of 3.6% reflects a strong local economy with solid savings capacity. At today’s IA high-yield money market average of 2.995%, saving 10% of the local median salary ($4,418/year) would earn an additional $132 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Iowa Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Iowa.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current IA Avg APY | 2.995% | View Savings Rates | 0.900%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 to $2,500 | $0 to $100 | $25 to $100 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Iowa averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Iowa Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current Iowa rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Iowa
At IA’s top money market rate of 5.00% from Cent Credit Union, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Iowa earner is roughly $11,000. At 2.995% APY in a money market account, saving $920/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountIowa’s high-yield money market average is 2.995% APY, variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Iowa earner makes $44,180/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.995% APY.
Retirement PlannerA $25,000 money market balance earning 2.995% APY grows to roughly $45,106 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Iowa money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Iowa directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Iowa. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in IA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Iowa
What is a Money Market Account (MMA)?
Are Money Market accounts in Iowa safe?
How often do MMA rates change in Iowa?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Iowa?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Iowa for money market accounts?
Best Money Market Rates in Iowa
- Cent Credit Union
Cheers Money Market: 5.00% APY - Earlham Savings Bank
Money Market: 3.75% APY - Financial Plus Credit Union
PLUS Money Market Savings: 3.72% APY - Atkins Savings B&T
Money Market Account: 3.56% APY - FNBO Direct
Online Money Market Account: 3.55% APY
Cities in Iowa
